Sri Lanka Economic Growth Slows to 6.3% on Exports

Sri Lanka’s economic growth slowed last quarter as a global recession reduced demand for the nation’s tea, rubber and textile exports.   Gross domestic product expanded 6.3 percent from a year earlier, compared with 7 percent in the three months ended June 30, the statistics department said in Colombo today. Economists were expecting growth of… Continue reading Sri Lanka Economic Growth Slows to 6.3% on Exports

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Several TN districts to get heavy rains

The formation of a trough over south west bay off Sri Lanka is likely to bring heavy rains over many coastal areas, the regional meteorological centre (RMC), Chennai, has predicted. "Many areas of Puducherry, Cuddalore, Villupuram, Thanjavur, Nagapattinam, Ramanathapuram and Tiruvarur will experience isolated, heavy rainfall," met officials said. The forecast is unlikley to bring… Continue reading Several TN districts to get heavy rains

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LTTE hub captured

Sri Lanka on Monday claimed that troops operating north of Olumadu and east of A-9 had entered the Ampakamam village in Mullathivu district after hours of heavy fighting with the LTTE.   “Ampakamam is said to be a main administrative hub of the LTTE, located approximately 7 km north of Olumadu, in the Mullathivu district.… Continue reading LTTE hub captured

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Sri Lanka troops claim taking another village from Tiger rebels

Sri Lankan security forces captured another key village from Tamil Tiger rebels on Monday after heavy fighting as the air force kept up bombing more guerrilla targets, the defence ministry said.   Troops took control of the village of Ampakamam after hours of heavy fighting, the ministry said, adding that the area had been used… Continue reading Sri Lanka troops claim taking another village from Tiger rebels

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3 abducted, teacher reported missing, in Jaffna peninsula

Unidentified armed men arriving in a white van abducted three persons including a student from their houses during curfew hours in three separate incidents in Thenmaraadchi, two Friday and the third Saturday, according to complaints lodged with Human Rights Commission (HRC) Jaffna by the abductees’ family members. Meanwhile, the wife of a teacher from Vadamaraadchi… Continue reading 3 abducted, teacher reported missing, in Jaffna peninsula

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Sri Lanka’s credit rating cut

Sri Lanka’s credit rating was cut to five levels below investment grade by Standard & Poor’s, citing mounting public debt and political and security concerns, Bloomberg reported Monday. The new rating places the country on par with Burkina Faso and Cameroon. The other key ratings agency, Moody’s Investors Service, does not have a rating for… Continue reading Sri Lanka’s credit rating cut

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3 police officers arrested for aiding LTTE cadres in Colombo

A Sri Lanka Police Inspector of special crime branch of the Western Province with two constables were taken into custody by the Criminal Investigation Department (CID) for allegedly helping LTTE cadres in Colombo, and extorting money from civilians in Wellawatte and Bloemendhal area in Colombo, police spokesperson Ranjit Gunasekara said. The breakthrough came following the… Continue reading 3 police officers arrested for aiding LTTE cadres in Colombo

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